South Ocean Holdings Balance Sheet

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	12.11	121.45	84.26	133.93	139.97
Short-Term Investments	0.89	0.27	0.27	0.23	2.54
Cash & Short-Term Investments	12.99	121.72	84.53	134.16	142.51
Cash Growth	-89.33%	44.00%	-36.99%	-5.86%	579.36%
Accounts Receivable	255.37	231.14	255.97	181.61	182.45
Other Receivables	31.97	4.03	14.23	13.37	13.35
Receivables	287.34	235.17	270.2	196.92	195.8
Inventory	759.21	510.97	380.4	295.35	209.5
Prepaid Expenses	0.13	0.13	3.04	8.74	0.12
Total Current Assets	1,060	867.99	738.17	635.17	547.93
Property, Plant & Equipment	330.72	342.78	320.14	249.1	206.95
Long-Term Investments	-	0.35	9.05	-	-
Long-Term Deferred Tax Assets	42.97	22.42	11.9	1.21	0.58
Total Assets	1,433	1,234	1,086	885.47	755.46
Accounts Payable	479.98	234.7	177.37	173.55	56.47
Accrued Expenses	25.47	62.49	46.95	31.03	37.83
Short-Term Debt	57.83	-	-	-	-
Current Portion of Long-Term Debt	13.06	19.21	15.8	14.62	13.53
Current Portion of Leases	18.67	16.47	14.84	2.87	1.94
Current Income Taxes Payable	1.78	0.43	0.77	5.63	3.01
Other Current Liabilities	-	0.21	0.21	13	0.21
Total Current Liabilities	596.79	333.51	255.94	240.69	112.99
Long-Term Debt	106.53	117.8	66.21	24.04	33.81
Long-Term Leases	46.56	65.46	68.06	2.7	4.57
Long-Term Deferred Tax Liabilities	26.6	23.61	22.91	20	25.17
Other Long-Term Liabilities	1.55	11.5	2.29	4.11	11.66
Total Liabilities	778.02	551.89	415.41	291.54	188.2
Common Stock	1.74	1.74	1.74	1.74	1.74
Additional Paid-In Capital	459.6	459.6	459.6	459.6	459.6
Retained Earnings	250.44	247.78	208.57	133.59	105.46
Comprehensive Income & Other	0.49	0.5	0.52	0.46	0.45
Total Common Equity	712.27	709.63	670.43	595.4	567.25
Minority Interest	-56.84	-27.71	-	-1.46	-
Shareholders' Equity	655.43	681.93	670.43	593.93	567.25
Total Liabilities & Equity	1,433	1,234	1,086	885.47	755.46
Total Debt	242.64	218.95	164.91	44.23	53.86
Net Cash (Debt)	-229.65	-97.23	-80.39	89.93	88.65
Net Cash Growth	-	-	-	1.44%	-
Net Cash Per Share	-1.13	-0.48	-0.40	0.44	0.44
Filing Date Shares Outstanding	203.28	203.28	203.28	203.28	203.28
Total Common Shares Outstanding	203.28	203.28	203.28	203.28	203.28
Working Capital	462.88	534.48	482.23	394.47	434.94
Book Value Per Share	3.50	3.49	3.30	2.93	2.79
Tangible Book Value	712.27	709.63	670.43	595.4	567.25
Tangible Book Value Per Share	3.50	3.49	3.30	2.93	2.79
Buildings	102.46	102.46	102.46	102.46	102.46
Machinery	396.22	332.02	332.35	281.26	281.92
Construction In Progress	8.21	45.02	17.93	52.33	3.91